Xero is best for businesses looking for an easy-to-use, affordable accounting solution that integrates with other construction-specific tools. Customizable reporting that allows you to generate detailed financial reports tailored to
Read moreWhat is certified payroll? How to report and file
Foucault says they see a variety of mistakes when it comes to certified payroll. The most common being just not understanding the data necessary to provide accurate, proper reports. The
Read more9 Income Streams You Can Build While Still an Employee, According to Codie Sanchez
If you’re interested in going this route, you might want to consider platforms like Fundrise to get started. A REIT is a company that owns and operates income-producing real estate.
Read moreConstruction Payroll: The Essential US Guide
Regularly review and update these policies to ensure they remain relevant and compliant. By addressing these challenges proactively, you can minimize disruptions and maintain smooth operations. Without proper communication, employees
Read moreAccounts Payable Turnover Ratio: What It Is, How To Calculate and Improve It
It shows how many times a company pays off its accounts payable during a particular period. Accounts payable turnover ratio is a helpful accounting metric for gaining insight into a
Read moreAccounts Payable Turnover Ratio Formula + Calculator
Instead, total purchases will have to be calculated by adding the ending inventory to the cost of goods sold and subtracting the beginning inventory. Most companies will have a record
Read moreAccounts Payable Turnover Ratio: Definition, How to Calculate
However, the amount of up-front cash payments to suppliers is normally so small that this modification is not necessary. The cash payment exclusion may be necessary if a company has
Read moreAP Turnover Ratio: Importance and Calculation
Ask your accountant or accounting department to report your accounts payable turnover ratio and other key performance indicators (KPIs) every month, quarter, and fiscal year. The average accounts payable balance
Read more9 Best Payroll Services For Small Business Of 2024
This feature is great for companies that perform work for clients, as labor costs can be easily separated and billed to the client upon project completion. From there, it pays
Read moreThe Employer’s Guide to Navigating Employee Pay Adjustments
Making payroll adjustments for employees is an important part of running a business. A pay adjustment is any changes to an employee’s pay, whether an increase or decrease, one-time or
Read morePayroll Adjustments: A Guide for Small Business Owners
This approach helps maximize your budget and encourages better performance and productivity. Monitoring leavers is also important as you may need to calculate any end of contract adjustments such as
Read moreInflation Raises: Employer’s Guide To Wage Adjustments
Sometimes, payroll adjustments are made by employers due to special reasons such as rewarding an employee for exemplary work or penalizing for infractions made by an employee. Depending on the
Read more